Finland to Seek EU Aid to Cope With Microsoft, Nokia Layoffs

Advertisement
By Associated Press | Updated: 1 June 2016 10:17 IST
Highlights
  • Microsoft this month cut around 1,850 jobs.
  • Nokia also slashed over 1,000 jobs in Finland.
  • Microsoft bought Nokia in 2014 for $7.5 billion.
Finland says it will apply for EU help to deal with recent redundancies, particularly among workers at Microsoft and Nokia.

Justice and Employment Minister Jari Lindstrom says the Nordic country has previously had a "good experience" of EU support - financial and otherwise - for large numbers of laid off personnel in the technology sector, which has been hurt by competition from Apple, Samsung and others.

Last week, Microsoft announced 1,850 job cuts, while Nokia earlier said it's shedding 1,050.

Nokia sold its troubled devices unit to Microsoft in a $7.5 billion (roughly Rs. 50,366 crores) deal in 2014, causing thousands of layoffs, but Microsoft also was unable to turn round the business as consumers didn't warm to the Windows version of Lumia phones originally launched by the Finnish firm.

 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Further reading: Job Cuts, Layoffs, Microsoft, Mobiles, Nokia, EU
Advertisement

Related Stories

Popular Mobile Brands
  1. CNAP vs Truecaller: Which Is Better at Identifying Spam Calls?
  2. Samsung Galaxy S26 Series Roundup: Everything That We Know So Far
  3. Mask OTT Release Date: When and Where to Watch This Action-Packed Thriller Online?
  1. Quantum Haloscope Sharpens the Search for Dark Matter Axions at Higher Frequencies
  2. Rare Interstellar Object 3I/ATLAS Fails Alien Test, Scientists Say
  3. CNAP vs Truecaller: How India’s Official Caller ID System Differs From the Popular App
  4. Prayagraj Ki Love Story Set to Stream Soon on Hungama OTT
  5. Mask OTT Release Date: When and Where to Watch This Action-Packed Thriller Online?
  6. New Year 2026 Custom Greetings: 5 Best AI Prompts for ChatGPT, Gemini, and Other AI Tools
  7. NASA’s Chandra Spots Champagne Cluster Formed by a Massive Galaxy Collision
  8. NASA’s Curiosity Rover Sends Stunning Sunrise-and-Sunset Holiday Postcard from Mars
  9. Oppo Find X9s Key Specifications Leaked Again; Might Also Launch in India
  10. Redmi Turbo 5, Redmi Turbo 5 Pro to Be Equipped With Upcoming MediaTek Dimensity Chips, Tipster Claims
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.